Dropbox Shares Jump in Market Debut

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March 23, 2018 3:45 pm Published by

Shares of data-storage company Dropbox opened 38% higher in their market debut, a sign of strong investor interest in a tech company with $1 billion in annual revenue that is seen having high growth potential.

The stock, which began trading on Nasdaq under the symbol DBX, opened at $29, above its initial public offering price of $21. The stock continue to rise after the open, recently trading at $30.35, up 45%.

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